Scott Johnsson, a prominent attorney from Davis Polk, has brought attention to a potential clue regarding the approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) on November 2. This speculation arises after the SEC’s decision not to contest a favorable judgment for Grayscale’s bid to convert its Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Johnsson tweeted about an upcoming closed-door meeting scheduled for November 2, which includes resolving litigation claims and administrative proceedings. While there is no certainty that any news will be announced, the Bitcoin community is closely following this meeting, especially after the successful launch of the ProShares Bitcoin Strategy ETF (BITO) in October 2021. With multiple amendments submitted by well-known investment firms, such as BlackRock and Fidelity, to the SEC in recent weeks, there is growing optimism that a Bitcoin ETF is nearing approval.
Hashtags: #BitcoinETF #SEC #Grayscale #ProShares #BlackRock #Fidelity #ArkInvest #VanEck #cryptocurrency
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